Michael Fung - Floor Decor Independent Director

FND Stock  USD 83.95  0.98  1.18%   

Director

Mr. Michael Fung is Independent Director of the company since April 2017 . He was the Interim Chief Financial Officer of J. C. Penney Company, Inc., an apparel and home retailer, since October 2018. Before that, Mr. Fung was the Interim Chief Operating Officer and Chief Financial Officer for The Neiman Marcus Group LLC, a luxury retailer, from November 2016 through June 2017. Previously, Mr. Fung served as the Interim Chief Financial Officer and Treasurer for 99 Cents Only Stores LLC, a deepdiscount retailer, from June to November 2015, as the Interim Executive Vice President and Chief Administrative Officer from January to September 2013, and as a member of the board of directors from December 2013 to October 2018. Mr. Fung served as Senior Vice President and Chief Financial Officer at Walmart U.S., a multinational retailer, from 2006 until his retirement in February 2012, as Senior Vice President, Internal Audit Services from 2003 to 2006, and as Vice President, Finance and Administration of Global Procurement from 2001 to 2003. Before joining Walmart, Mr. Fung spent five years as Vice President and Chief Financial Officer of Sensient Technologies Corporationrationration, a global manufacturer and marketer of colors, flavors and fragrances, preceded by three years as Senior Vice President and Chief Financial Officer of Vanstar Corporationrationration, a developer of information technology and networking solutions and four years as Vice President and Chief Financial Officer of Bass Pro Shops, Inc., a hunting, fishing and outdoor gear retailer. Mr. Fung currently serves as a member of the board of directors of Franklin Covey Co., a global leader in organizational performance improvement solutions. Mr. Fung is also a Board Leadership Fellow with the National Association of Corporationrationrate Directors and a member of the Committee of 100 and the University of Illinois Foundation since 2017.
Age 69
Tenure 8 years
Address 2500 Windy Ridge Parkway SE, Atlanta, GA, United States, 30339
Phone404 471 1634
Webhttps://www.flooranddecor.com
Fung is a Certified Public Accountant in the State of Illinois. He received his B.S. in Accounting from the University of Illinois at Chicago and hi

Floor Decor Management Efficiency

The company has Return on Asset of 0.032 % which means that on every $100 spent on assets, it made $0.032 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.1004 %, implying that it generated $0.1004 on every 100 dollars invested. Floor Decor's management efficiency ratios could be used to measure how well Floor Decor manages its routine affairs as well as how well it operates its assets and liabilities. The current year's Return On Tangible Assets is expected to grow to 0.09, whereas Return On Capital Employed is forecasted to decline to 0.08. At present, Floor Decor's Non Current Assets Total are projected to increase significantly based on the last few years of reporting. The current year's Other Current Assets is expected to grow to about 74.2 M, whereas Total Current Assets are forecasted to decline to about 803.9 M.
Floor Decor Holdings has 1.49 B in debt with debt to equity (D/E) ratio of 1.05, which is OK given its current industry classification. Floor Decor Holdings has a current ratio of 1.23, demonstrating that it is not liquid enough and may have problems paying out its financial commitments when the payables are due. Note however, debt could still be an excellent tool for Floor to invest in growth at high rates of return.

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Floor Decor Holdings, Inc. operates as a multi-channel specialty retailer and commercial flooring distributor of hard surface flooring and related accessories. Floor Decor Holdings, Inc. was founded in 2000 and is headquartered in Atlanta, Georgia. Floor Decor is traded on New York Stock Exchange in the United States. Floor Decor Holdings (FND) is traded on New York Stock Exchange in USA. It is located in 2500 Windy Ridge Parkway SE, Atlanta, GA, United States, 30339 and employs 10,413 people. Floor Decor is listed under Home Improvement Retail category by Fama And French industry classification.

Management Performance

Floor Decor Holdings Leadership Team

Elected by the shareholders, the Floor Decor's board of directors comprises two types of representatives: Floor Decor inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Floor. The board's role is to monitor Floor Decor's management team and ensure that shareholders' interests are well served. Floor Decor's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Floor Decor's outside directors are responsible for providing unbiased perspectives on the board's policies.
David Christopherson, Executive Vice President, General Counsel, Secretary
Ryan Marshall, Independent Director
Richard Sullivan, Independent Director
Matthew McConnell, Sr Relations
Peter Starrett, Independent Director
David Esq, Chief Officer
Rachel Lee, Independent Director
Norman Axelrod, Independent Chairman of the Board
Felicia Thornton, Independent Director
Wayne Rader, Chief Merchant
George West, Vice Chairman of the Board, Director
Bryan Langley, Executive CFO
Charles Young, Independent Director
William Giles, Independent Director
Ersan Sayman, Executive Vice President - Merchandising
Thomas Taylor, Chief Executive Officer, Director
Brad Brutocao, Independent Director
Michael Fung, Independent Director
Wayne Hood, Senior Relations
David Kaplan, Independent Director
Dwight James, Independent Director
Trevor Lang, Chief Financial Officer, Executive Vice President
Jared Brown, Senior PMO
Lisa Laube, Executive Vice President and Chief Merchandising Officer
Luke Olson, VP Officer
John Roth, Independent Director
Kamy Scarlett, Independent Director
Steven Denny, Executive Vice President Store Operations
Brian Robbins, Executive Vice President, Business Development Strategy

Floor Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Floor Decor a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether Floor Decor Holdings is a strong investment it is important to analyze Floor Decor's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Floor Decor's future performance. For an informed investment choice regarding Floor Stock, refer to the following important reports:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Floor Decor Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
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Is Home Improvement Retail space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Floor Decor. If investors know Floor will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Floor Decor listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.293
Earnings Share
1.9
Revenue Per Share
41.614
Quarterly Revenue Growth
0.057
Return On Assets
0.032
The market value of Floor Decor Holdings is measured differently than its book value, which is the value of Floor that is recorded on the company's balance sheet. Investors also form their own opinion of Floor Decor's value that differs from its market value or its book value, called intrinsic value, which is Floor Decor's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Floor Decor's market value can be influenced by many factors that don't directly affect Floor Decor's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Floor Decor's value and its price as these two are different measures arrived at by different means. Investors typically determine if Floor Decor is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Floor Decor's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.